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25 December, 00:15

Game theory:

a. is best suited for analyzing purely competitive markets

b. is the analysis of how people (or firms) behave in strategic situations.

c. reveals that price-fixing among firms reduces profits

d. reveals that mergers between rival firms are self-defeating.

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Answers (1)
  1. 25 December, 00:58
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    B) is the analysis of how people (or firms) behave in strategic situations.
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